Ethereum price rose over the past few days, moving from a low of $1,750 on Friday to $2,088 on Sunday, as investors bought the dip. ETH’s rebound is also being supported by the broader crypto rebound and its strong fundamentals.
Ethereum Price Rebound is Supported by Strong Fundamentals
A closer look at the broader crypto industry shows that Ethereum is performing well. A closer look at the RWA industry shows that it has the biggest market share by far. Its distributed asset value has increased by 15% over the past 30 days to over $14.2 billion, a substantial figure in an industry with over $20 billion in assets.
The same is happening in the stablecoin industry, where its assets have soared to over $162 billion. This is notable as the stablecoin sector has over $300 billion in assets, led by USDT and USDC. Its stablecoin holders exceed 22 million, and its monthly transaction volume has risen to over $8 trillion.
Ethereum is also the dominant player in the decentralized finance industry, with its market share exceeding 70%. Its top dApps in the industry are Aave, Uniswap, and Maple.
There are signs that Ethereum demand continues to rise despite ongoing ETH ETF outflows. A good example of this is the ongoing trends in exchange balances. Data shows that the supply of ETH tokens on exchanges has continued to fall over the past few months.
READ MORE: Tom Lee Makes the Case for BMNR Stock as BitMine Shares Implode
Most importantly, more Ethereum holders are staking the coin. The staking ratio has risen above 30%, with a net 819k ETH staked over the past 30 days. Notably, more than 4 million ETH tokens are waiting in the queue to be staked, whereas only 30k are waiting to exit. This suggests that many investors hold a long-term view of the coin.
Ethereum’s team has major plans to make the network faster and more cost-efficient. It has already achieved cost efficiency, as transaction costs have declined in the past few months. Also, the upcoming Glamsterdam upgrade will introduce more features, including sharding and zero-knowledge, to make it a faster and more secure network.
ETH Price Prediction: Technical Analysis
The logarithmic weekly chart shows that the ETH price crashed to an important support level, which coincides with the ascending trendline that connects the lowest swings in June 2022 and April 2025.
ETH has now formed a hammer candlestick pattern, represented by a small body and a lower shadow. It has also formed an inverted head-and-shoulders pattern, a common bullish reversal sign.
Therefore, the coin will likely rebound in the coming weeks as bulls target the psychological level at $3,000. A move above that level will point to more gains, potentially to the upper boundary of the channel at $5,000.
On the other hand, a drop below the lower side of the channel will point to more downside, potentially to the key support level at $1,375, its lowest level in April last year.
READ MORE: XRP Price Risks Steep Crash Despite Rising ETF Inflows and Utility Growth
